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20121205
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Search Results 0 to 26 of about 27 (some duplicates have been removed)
today poorly timed for another reason. chrysler's management forced to bow to the united autoworkers union as the company rehired 13 employees who had been caught drinking alcohol and smoking marijuana while on the job. chrysler's spokesman said the company was forced to respect a union arbitrator's decision. and while the president was in michigan, reports that a chinese auto parts company has purchased bankrupt a123 systems, a battery maker that received more than half of a $250 million taxpayer-funded obama stimulus grant. a123 systems was once heralded by energy secretary steven chu as a success story for american manufacturing. the green battery maker blaming weak demand for electric cars for their failure. china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropriately the impasse, many of our state governments aren't in much better shape. state pension systems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almost $4 t
be building cars? don't you guys work out at the chrysler factory? >> this right to work in michigan is a big deal. and michigan is about to become a right to work state, where you can't get a job without having to join a union. >> these so-called right to work laws don't have anything do with economics. they have everything to do with politics. >> michigan is ground zero for union activity. >> ♪ gangnam style >> this guy should have never been there. they realized he had done this in 2002 and 2004. apologies don't matter. he said we want american troops, their families, wives and kids, to die, die a painful death. you don't apologize for that. you're a bad person. get him out of the white house. >> you're going to hold what he said in one rap song against the guy for the rest of his life? >> no. just don't stand next to my president. >> psy hanging out with president obama, a billion youtube videos since july, but now he's under fire from the rap that surfaced a year ago with these lyrics. kill those blank yankees who ordered them to torture, kill their mothers, daughters-in-law and father
: well, coming up, a group of chrysler workers got national attention two years ago when a tv news crew caught them drinking and smoking pot on the job. do you remember this tape? chrysler took quick action to dismiss the union members who were clearly working while intoxicated, and the story ended there. until we got a jaw-dropping update today on what the bailed-out automaker did to finally resolve this issue. you will not believe this. >>> and brand new word from the intel community suggests america's days as the world's sole superpower are numbered. we'll tell you why and who could be next. >>> and this south korean rapper seen smashing a toy american tank just played at the white house christmas party. the controversial fallout over that decision and what he said, next. >> our men and women are willing to sacrifice their lives for you, for me, for the freedoms that we enjoy every single day just as my son did, and then we have someone like this individual who has called for the murder of our troops and our families being in a place of honor? that's disgusting. you won't take my lif
of chrysler union workers, well, somehow they got their job back. we'll tell you how. martha: plus a growing number of republicans saying they are willing to give in on taxes. is it a gamble that is worth it though? we'll ask senator lindsey graham what he thinks. >> let's face it. he does have the upper hand on taxes. you have to pass something to keep that from coming. -- happening obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. bill: the eccentric software millionaire john mcafee speaking out from a guatemala detention center asking to return back to the after being detained for the shooting death of a man in belize. steve harrigan live in miami on these allegatio
more for the auto industry? not barack obama. obama took g.m. and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. strangers and ignoring our friends. the chill of peppermint. the rich dark chocolate. york peppermint pattie get the sensation. >> cenk: politico is a fact-checking organization and they've been doing something over the last couple of years "the lie of year." >> obama: took g.m. and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> cenk: oh, my god, they're moving all the jeep jobs to china. then the ceo put out a statement. i feel obliged to state our position. jeep production will not be used tofrom the united states to children. it is inaccurate to suggest anything different. they knew it wasn't true, and even after this statement mitt romney kept saying over and over again, they're going to move all the jeep jobs to china. can you believe it? so that wound up being lie of the year for political fact. they asked readers to pick out the top lies of the year. the top five. her
and they went to bat at chrysler. do you remember when we told you about the chrysler workers who were smoking pot and drinking deer, that is lunch hour. that is a break out in the -- that does look like pot. the company chrysler has had to hire them back. they released a statement while the company doesn't agree with the ultimate decision of the arbitrator, we respect the grievance procedure process and the relationship with the uaw. folks, how would you like to buy the car that built by those guys in the afternoon? >> gretchen: it is interesting, i wonder how important it was it was off duty conduct. there must be rules written in as long as they were not doing it technically on duty and were on lunch duty. i am not a lawyer. but i bet that was part of the arbitrator deciding in their favor, but it goes to show why all . people are showing up in michigan today because if you are part of the union. they are great, they are great at keeping your jobs for you. they are. >> eric: any other job on the planet. if you were caught in the parking lot drinking one of the bottles was beer and smoking p
to the mayor of lansing, virg bernaro next hour. and remember the chrysler workers smoking and drinking during the lunch break? two suspended and they got their jobs back. that was an arbitrator's ruling. under the union contract they were on their own time. chrysler says it disagrees with the decision, can't change it, that's the example of the union's power. and tell us what you think about the workers getting their jobs back. and we'll read some on the air. more fantasy island in california, coming up after the break, why california's green energy policies just don't work and we're also going to bring you the opening bell and we've got more companies issuing special dividends before the end of the year. including the one that runs victoria's secrets. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that hes block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. ...so as you can see, geico's customer satisfaction is at 97
piece of the future buying cycle. a nice silver lining. david: now chrysler is an italian car company. the italians, the parent company is going to awful times. quitting because of the sales. is there any possibility. now they are not supposed to do this, but is there any possibility tie-ins will pour some of the profits they're making from chrysler here and use them to pay out the parent company in italy? >> i suppose the possibilities are always there. certainly talking about a global company to the extent you're doing better in one market and then another is always a bit of shifting around. at this point i think north america for all the automakers has really become a strong point. hopefully we can move forward, result in undermining uncertainty and go into a strong 2013 in terms of auto sales. david: the u.s. may be doing well but europe is doing terrible. chief economist, thank you very much, good to see you. it has been a rough year for corporate america with the government fining businesses $1.1 billion in antitrust funds. we have the exclusive details. liz: ever wonder what it
read his books. why he thinks there is too many holes even for fiction. >> remember those chrysler workers caught drinking and going ba to work and make cars, yours cars, our cars? they just got their jobs back. [ female announcer ] beef, meet flavor boost. flavor boost, meet beef. it's swanson flavor boost. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announcer ] cook, meet compliments. get recipes at flavorboost.com. [ female announcer ] cook, meet compliments. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for tre
and sold chrysler who were going to build jeeps in china. mitt romney will fight for every american job. >> of course, that's the jeep ad, michael crowley. sometimes these guys get caught in realtime because the governor of the state and everybody said didn't happen. >> right. well, chris, this is one of those wonderful examples where something can be factually accurate and still a complete lie. in other words, the language in that ad i believe stands up. that chrysler was going to begin making jeeps in china. >> for chinese. >> right. right. it made perfect sense. a lot of auto-companies do this. obviously, that's the clear implication of the ad. so the fundamental message is a lie. they just covered thems enough with the language. maybe they thought they wouldn't get called out on it. i think they were desperate to win ohio. maybe it was a net loss. >> i think it's one of those things like voter suppression. whiplash against it. thank you so much, michael. thank you, jonathan. same with you. when we return, let me finish with the ultimate triumph this year of, believe it or not. these
to get out there and start looking. chrysler rehiring union workers it fired after very public embarrassing incident. why the turn around? >> a local television statement had videotape of these workers on a break looking like they were smoking pot, drinking. this is a very public story in detroit. people were outraged saying, look, there is the problem with you with the union workers. they violate terms. they went to mediator and the mediator said, can you prove they were smoebing pot? ? no. can you prove they were drinking alcohol? no. so the mediator said you have to rehire them. chrysler is not happy. they put out a statement saying, yes, he had to rehire the employees. while the company does not agree with the ultimate decision of the arbitrator, we respect the grievance process as outlined in the collective bargaining agreement and our relationship with the uaw. these workers are going back on the job. but this is the kind of thing in detroit people look at and say, give me a break. these guys were caught doing something on camera that was clearly maybe not legally could b
ad that said the same thing, and they continued to repeat it even after chrysler and the fact checkers had said it was simply not true. jeep was actually expanding its production in the u.s. the reason it was thinking of building, that it's planning to build a plant in china is to meet the increased demand for jeeps in china, so it was just blatantly false and yet they persisted with it. >> you know what's interesting, too, remember when the chrysler ceo, sergio marchione had to put out a statement basically saying, liar, liar, pants on fire, this is not going to happen. that's never, or more nicely i'm obliged to unambiguously restate our position. jeep production will not be moved from the united states to china. it is inaccurate to suggest anything different. there were strategists who were stunned that this ad, that this was being said, because they thought it was kind of signaled a desperate move. what was the runner-up, what was the next runner-up that could have been picked as the biggest lie? >> well we had ten finalists and i should note that we had a reader's poll wh
and chrysler would have gone into free-fall bankruptcy, they would have taken the supply base down and the industry down and turn the u.s. recession into a depression." that is the teaching moment about the power of the overall innovative skill said, the supply chain, and what that means for our capacity to compete when the company that would have been left standing thought they might have gone down as well. there is so much to say. i wanted to make these viewpoints, overall perspective, talk about manufacturing and research and skills, and i'm very happy to take your questions going forward. [applause] >> i think we have time for a few questions. i will call on people. if you could wait until he comes around with the microphone. >> thank you. aig investments. my question goes to innovation funds, which you brought out. at what stage are you focusing on with respect to either expansion or start-ups? on an execution basis, what is the regional plan as far as national strategy? >> look, i think for those of us in a government job, where you want to be like the classic economic book i
are world competition, we ran into bankruptcy. chrysler now twice . we see it in the southern states where the plants are. they were not the ones that went bankrupt in 2008 and 9. it really is a tough choice and i sympathize with the unions. but in the global economy where you compete on wages and other units of production . you can either have high wages with low employment or as obama said spread around the wealth. >> gretchen: michigan is the heart of the labor industry in this nation specifically whether so many cars are made and the unions are powerful there. it is emblematic and we look back on history. this move to make michigan a right to work state will be historic for that reason alone . what needs to be so clear in the discussion, it is really about choice. it is not about tamping down people's rights. it is actually moving them up and saying you now have a choice. you can pay your dues to the union, or you can choose not to pay the dues. >> steve: what happened in michigan is a great thing. because any time the government insists that you have to pay to go in and get a paycheck
of collapse. gm, chrysler were all on the brink of failure. and if they failed, the suppliers and distributors that get their business from those companies, they would have died off, too. even ford could have gone down -- production halted. factories shuttered. once proud companies chopped up and sold off for scraps. and all of you -- the men and women who built these companies with your own hands -- would have been hung out to dry. and everybody in this community that depends on you -- restaurant owners, storekeepers, bartenders -- their livelihoods would have been at stake, too. so i wasn't about to let that happen. i placed my bet on american workers. we bet on american ingenuity. i'd make that same bet any day of the week. [applause] three and a half years later, that bet is paying off. this industry has added over a quarter of a million new jobs. assembly lines are humming again. the american auto industry is back. and companies like daimler know you're still a smart bet. they could have made their investment somewhere else, but they didn't. and if you ask them whether it was a tough call
and what they mean in the next hour. meanwhile, president obama will visit a chrysler plant just outside detroit today. remember, a city council woman last week said the city deserves a federal bailout because the city helped reelect the president. >> after the election of jimmy carter, the honorable coleman alexander young, he went to washington d.c., and came back home with some bacon. stuart: well, you heard the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the question, will the president offer any hint of a bailout, bailout help for deeroit today. will he address union anger at michigan's right to work legislation? this goes to the heart of government spending and the position of organized labor in president obama's second term. we're right there in michigan. let's go to facebook. weigh in on what's happening there. will detroit get a bailout and what do you think about the unions? will they win? good questions all. now, one of the worst blowouts in nfl history. seattle seahawks beat arizona cardinals 58-0. the cardinals thr
what happened to general motors or chrysler. yothey make it less profitable r unions. as a result you get more invested and more jobs. jobs are one thing michigan definitely needs. lori: i agree. the unions would argue many of the freedoms, many of the advantages their workers enjoy her because of the lobbies and the history they have had, therefore the unions are deservedly deserve their dues. >> if you can persuade workers to give you their money, that is fantastic, that is your constitutional right. they should not be forced to pay dues to the union. 20% of union households in michigan support the right to work law. probably because there's a awful lot of union workers don't go there again the value worth of their dues or supports priorities. they should have a choice, that is their right. lori: we have seen unions lose membership, lot less clout than in generations past. how do you characterize the influence of unions right now? >> it is a competitive marketplace. up through the late 70s the detroit automakers headlock on the u.s. market and about a million and a half members. sin
you buy the fuel and put it among the manufacturers, chrysler, gm, toyota, especially in older vehicles and look at your manufacturers website if you're in this group, what happens with the e15 the fuel separates and ethanol in there is highly corrosive to your engine. is this new information? did we know this before? >> well, no, we've told the regulators about this we spent millions of dollars in research to try to understand that dynamic. in fact let me reiterate. in the oil and gas business we support biofuels. we're major investors and producers of biofuels but we don't think you should force more biofuels to be mixed with regular gasoline until you know its impact. other research shows it puts five million american cars that are already on the street at risk where it could have some engine damage. we think you need to look at all these other issues that are now starting to come to the surface, but regulators, the administration just moved forward mandating the fuel. melissa: what does it mean to have aaa coming in and putting out a warning, saying don't use it, and puttin
. >> it's solidarity, my man. >> chrysler. a union employer. they do all right. >> i tell you what. what an exciting story. obviously what's happening with gm. what's happening with chrysler. what's happening with ford. >> yep. >> i mean, these are companies that are fighting back. >> coming back. >> and it is inspiring. >> they need strong unions. >> let's do a town hall meeting. >> let's do it. that was fun. we did that in new jersey on education. let's do it. >> let's go to detroit and we can talk about this, also how to revive detroit. >> michigan, you did a show for the big detroit regional chamber of commerce. >> look forward to that. >> we're all going to be there. >> in vermont, you don't need, because of the icy conditions there, a ford raptor, do you? >> oh, you need a raptor. >> i have a hybrid escape. >> raptor's a lot like the escape. >> except it has horrific gas mileage. the raptor. >> oh, the raptor. >> four miles to the gallon. >> escape gets good mileage. >> 31 in the summertime. it's fantastic. >> impressive. >>> still ahead, political analyst richard wolffe. also the
that are unionized to autoworkers on the line at gm, ford or chrysler. interestingly, though, today, too here, brooke, you had fellow union workers protesting that aren't even part of the legislation. it does not apply to firefighters or police officers. but yet here today we found firefighters who were protesting this saying this is bad for workers across michigan. and nationally. i want you to listen to ted coakley, he's one of those and he explains why. does this mean the gbeginning o a death of unions in the country? do you think it is that big symbolically? >> i think things like this are waking the sleeping giant. i think workers and working families are tired of losing. they want a fair share of the prosperity of this state, and this country, and i think that's going to help build the union movement. >> reporter: -- from this right to work legislation. why are you here? >> that's correct. as of right now we're exempt from this legislation. but it doesn't change the fact that we want to be here to support all our brothers and sisters in the unions because we're also union. and the fact that our
over the years, g.m. and chrysler products. over half of the new york stock exchange, half the fortune 500, being credit card business in our state. the coast of our state is the site of the nation's summer capital, rehoboth beach and a bunch of other places. the letter "c" has been pretty big. people say why do they call you the first state? we're the first colony that threw off the yoke of the british tyranny and at the same time said pennsylvania take a hike, we want to be a state on our own. 225 years from tomorrow to be exact, the first state to ratify the constitution. but we have the best beaches in the country. last year i think there were four or five-star beaches in america, two in delaware. rehoboth and dewey. the best air force base in the world. we have, i think, the finest judiciary, finest judicial system in the state. we have the best financial controls and financial controls and cash management system. we have a triple-a credit rate system. we continue to have that kind of credit rating. we're proud of being first in our state -- our state motto is it's good to be firs
motor co. ceo alan mulally said at the time, "we believe that if gm and chrysler would have gone into free-fall bankruptcy, they would have taken the supply base down and the industry down and turn the u.s. recession into a depression." that is the teaching moment about the power of the overall innovative skill said, the supply chain, and what that means for our capacity to compete when the company that would have been left standing thought they might have gone down as well. there is so much to say. i wanted to make these viewpoints, overall perspective, talk about manufacturing and research and skills, and i'm very happy to take your questions going forward. [applause] >> i think we have time for a few questions. i will call on people. if you could wait until he comes around with the microphone. >> thank you. aig investments. my question goes to innovation funds, which you brought out. at what stage are you focusing on with respect to either expansion or start-ups? on an execution basis, what is the regional plan as far as national strategy? >> look, i think for those of us in a
Search Results 0 to 26 of about 27 (some duplicates have been removed)